Myriad Moves: Bitcoin Declines—Is a Drop to $69K Ahead or Will It Surge Back to $100K?

Crypto Market Sentiment Shifts as Bears Gain Momentum

With another week marked by sideways trading and lackluster results in the crypto space, bearish voices are becoming increasingly prominent on Myriad.

Let’s dive into some of the most active prediction markets this week, focusing on the future direction of Bitcoin and Solana, as well as President Trump’s rising approval ratings that stand in contrast to conventional polling data.

Note: Myriad Markets is operated by Dastan, the parent company of Decrypt.

Will Bitcoin Surge to $100K or Slide to $69K?

• Market Open: November 21
• Market Close: Open until resolved
• Volume: $138K
• Market Link: BTC's Next Move: Pump to $100K or Dump to $69K?

Although Bitcoin is often referred to as “digital gold,” its price has remained stagnant even as gold itself reaches record highs. This has left Myriad users divided, with the likelihood of a drop to $69,000 increasing over the past week. Bitcoin has fallen nearly 5% in the last seven days, recently trading at $84,167 and touching a two-month low on Thursday. The probability of Bitcoin reaching $100,000 first has dropped to 55%, down from 88% just two weeks ago when BTC was above $97,000.

Despite continued large-scale purchases by Michael Saylor and his firm, which recently made its fifth-largest Bitcoin acquisition, the price has shown no signs of recovery and has instead declined further.

The Federal Reserve’s decision to keep interest rates steady on Wednesday failed to boost Bitcoin’s price, which slipped below $85,000 on Thursday morning. Currently, Bitcoin is trading 33% below its all-time high and is only 18% above the $69,000 “dump” threshold, signaling bearish dominance in the market.

Looking Ahead

January brought no relief from the Fed, but the next FOMC meeting is scheduled for March 17, which could influence market sentiment.

Solana: Headed for $150 or $100?

• Market Open: November 21
• Market Close: Open until resolved
• Volume: $497K
• Market Link: Solana's Next Move: Pump to $150 or Dump to $100?

At the start of last year, Solana was a standout performer, hitting new highs and even seeing the launch of a meme coin by the President on its fast layer-1 blockchain. Trading activity was intense. Fast forward a year, and the landscape has changed dramatically. SOL is now trading at $118, nearly 60% below its peak and hovering near the midpoint of Myriad’s “pump or dump” market, which asks if the next move is to $150 or $100.

Just two weeks ago, the majority of predictors gave a 91% chance that Solana would reach $150 next. As of Thursday morning, sentiment has reversed, with 57% now betting on a drop to $100—a dramatic 41% swing.

Despite this, Solana ETFs have shown resilience, recording $6.7 million in net inflows on Wednesday—the highest daily figure in about two weeks.

Over the past year, SOL has declined by 48% and hasn’t surpassed $150 since November. Most predictors don’t expect a rebound above that level in the near future.

What’s Next?

With ETF approvals in place, Solana’s immediate catalysts may be tied to broader economic factors, with attention turning to the upcoming FOMC meeting in March.

President Trump’s Approval: Up or Down?

• Market Open: October 7
• Market Close: No resolution
• Volume: $647K
• Market Link: Trump's approval rating?

President Trump’s divisive approach continues to spark strong reactions from both supporters and detractors. Myriad’s perpetual sentiment market allows users to speculate on his approval rating, with the market fluctuating in real time based on participant sentiment rather than resolving to a fixed outcome.

Recently, the approval rating on Myriad has climbed by 3% over the past week, with 55% of predictors expressing approval of Trump’s performance. This stands in stark contrast to traditional polling, where the disapproval rate is also around 55%, as reported by sources like Nate Silver and the New York Times.

The reasons for this divergence are unclear. While Trump’s crypto-friendly stance may appeal to some in the digital asset community, recent events—such as another fatal shooting in Minneapolis and the administration’s response—have led some Bitcoin advocates and cypherpunks to become disillusioned.

Additionally, while Trump’s policies have helped integrate crypto with traditional finance, his family’s involvement in the space has drawn criticism from political opponents.

Until earlier this month, Myriad’s approval market closely mirrored mainstream polling, but with the recent downturn in crypto prices, the gap has widened, and the reasons remain uncertain.

What Lies Ahead?

This market remains open-ended, but Trump’s actions and statements continue to provoke strong reactions from both his base and his critics.